Daily Research 01 September 2016


S2 S1 IDX R1 R2
5,350 5,371 5,386.0 5,403 5,427
  • Further mixed global markets would not revive the trading activities.
  • The IDX closed yesterday’s session in the positive area with a bullish engulfing formation. But so, presences of foreign selling actions would slow down the upswing.
  • So, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
995 1,105 1,150 1,200 1,270

ADRO still managed a further upside turn but only followed by a shooting star and a presence of its diagonal resistance potentially trimming the upside potential.


Trading buy

S2 S1 Level R1 R2
1,910 2,020 2,150 2,220 2,310

BSDE was in the positive side with a formation of a bullish engulfing suggesting another upside


Sell on Strength

S2 S1 Level R1 R2
2,540 2,630 2,800 2,850 2,950

MIKA ended the trading pos it iv ely but with a close near its diagonal resistance and a low volume so that any further upside turn maybe in a limited range.


Speculative Buy

S2 S1 Level R1 R2
2,980 3,100 3,240 3,300 3,400

WIKA ended the session down near its diagonal support and a lack of volume in which suggesting a limited downside movement.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.


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